Workday U-turns on rehiring pledge as activist investors take $2B stake

Activist investors have taken a $2 billion stake in Workday, signaling approval of its direction and saying they "look forward to continued collaboration with the company." Elliott Investment Management, which recently also took an interest in Salesforce, revealed its position as Workday announced its $1.1 billion acquisition …

[Doctor Syntax]

In an earlier statement, a Workday spokesperson said: "We appreciate Elliott's support"

Presumably the statement was written by Elliot.

[Korev]

This week, however, CEO Carl Eschenbach cast doubt on whether the company would rehire the number it cut in February.

They probably got as far as entering their CVs into Workday and got so fed up correcting it that they gave up

[Doctor Syntax]

Undecided

https://www.lyricsbox.com/phineas-newborn-jr.-undecided-lyrics-9z65n7b.html

[colinhoad]

Can haz dollarz

Capitalism is so broken. This is the epitome of "line must go up" magical thinking.

[Decay]

At least they are being honest about it, we're here to invest and control our investment to maximize the return. All else is predicated on that. Yeah it's naked raw and unpalatable but better than the more normal we love our employees and customers, we're the bestest and nicest company ever while behind the scenes doing exactly the same thing while uttering platitudes and press releases trying to gaslight everyone including their employees.

[Doctor Syntax]

It's just that it's a shame that maximising investment is done by finding enough idiots to go "Ooh, job cuts. Must buy their shares."

[Fruit and Nutcase]

delivering innovative solutions that help our customers succeed [in keeping tabs on their employees]